A Useful Idea of Motorcycle Comprehensive Collision Coverage

Is motorcycle comprehensive collision coverage worth it?

Meta:  We can insure anything on these days, so when it comes to motorcycle comprehensive collision coverage, it’s a crucial coverage we need to learn about today.


According to the motorcycle policy, there are two individual pieces including the collision coverage and comprehensive coverage. Each of them would help pay to fix or substitute the bike whenever it gets damaged in a covered claim. However, this type of insurance can consist of various kinds of risks than comprehensive insurance.

What is motorcycle comprehensive collision insurance?

Typically comprehensive insurance will cover your vehicle whenever it’s damaged in reality, but this should not be a collision. Also, it usually covers some certain risks such as falling objects, vandalism, and theft. Thus, once the bike gets broken in a storm, for instance, that comprehensive coverage would come in handy while helping you pay to fix it.

Besides, the comprehensive coverage here won’t possibly pay for the casual wear and tear on the vehicle or any problem related to the lack of maintenance.

Deductibles and limits of comprehensive coverage

Whenever you try to get comprehensive insurance coverage, it’s possible to pick out a set deductible, which is exactly the amount you must pay for a covered claim. Let’s just state that you select $500-valued deductible, and your motorcycle will get damaged later by a storm in a covered claim.

As it costs around $1,500 to fix the motorcycle, you would mostly pay an amount of $500 deductible, and then your insurance tends to pay the rest ($1,000).

Apart from that, the comprehensive coverage owns a limit or the maximum the policy pays toward a certain covered claim. And that restriction on the comprehensive coverage is the real cash value of your motorcycle.

What Are The Cons Of Motorcycle Insurance?

Motorcycle insurance gives you peace of mind when your lovely friends are ill or injured. But it also has some disadvantages.

Motorcycle Owners Have To Pay More For Premiums Than What They Get Back

Pay more to get less back! It is the first thing to come to our mind when it comes to motorcycle insurance drawback.

Not only being overly expensive, but it also varies from one city to another. If the veterinary fee is unpleasantly high in your town, you will have to pay more for motorcycle insurance.

Additionally, most, if not all, insurers are not responsible for your motorcycles’ pre-existing conditions. The policy that can cover 70-80% of the bill is your best bet.

That’s why some experts advise you to save a great amount of money to cover treatment fees instead of investing in an insurance plan.

How about a stolen vehicle? Imagine that if your motorcycle gets stolen, for instance, the policy will reimburse for the vehicle’s depreciated value. In other words, if you liked to replace the stolen vehicle with a brand new model, then it’s highly likely to utilize a few of your own money to do that apart from utilizing the reimbursement from the insurer.

Why is it necessary to buy comprehensive coverage?

It’s necessary to buy a motorcycle insurance coverage 

Whenever you wonder whether you need to purchase the comprehensive coverage, there are some certain considerations.

Comprehensive coverage might be required by the lender

When you’re supposed to lease or finance the motorcycleaskshe lender usually ask you to own comprehensive and collision coverage till your vehicle gets paid off.

The age of the motorcycle and its value

When having paid off the car, then that kind of comprehensive coverage is seen as an optional thing. It will be a great idea to get to know the true value of your motorcycle. Are you willing to pay that kind of amount to fix or substitute the vehicle as it gets stolen or damaged in the accident?

But what if you can’t afford to make payments at that time or the amount is too large? Just purchase the optional coverages, such as the comprehensive insurance coverage and the collision coverage, which are all the intelligent investment.

How much are the yearly premiums for comprehensive & collision coverage?

You must pay for the comprehensive and collision coverage in one year

According to the Insurance Information Institute, you need to take the amount you need to pay within a year for the comprehensive and collision coverage. Next, it’s best to multiply that figure by 10. Is your vehicle worth less than that figure? If so, then comprehensive and collision insurance coverage won’t be seen as a cost-effective decision for you at all.

In this case, you probably like to consult your agent about whether it could make sense to add such coverages to the insurance policy.

As you know, the average cost of comprehensive coverage would mostly base on the deductible amount, which would range from $250 to $1,000. A higher amount of deductible means that the driver needs to cover more of any certain damage by the time the coverage really joins in as well as lowers the total premium.

Note that raising the deductible amount from $200 to $500 is stated to lower the premiums by 15-30%. Obviously, the one who chooses for a higher deductible amount might like to ensure that he or she can afford to pay it in case that the vehicle gets broken, and must weigh the premium savings against a higher deductible on the back end.